Term life insurance

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Term life insurance

A contract that provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end of each term.

Term Life Insurance

A life insurance policy that provides coverage only for a certain period of time. A term life insurance policy provides a benefit upon the death of the policyholder, but ceases to provide this benefit if he/she is still alive when the policy expires. Upon expiration, the policyholder may decide to renew the policy or let it lapse. If the policy lapses, the policyholder is not reimbursed for the premiums paid over the life of the policy. A term life insurance policy does not include some of the other benefits of a whole life policy, such as a savings component.
References in periodicals archive ?
com on Tuesday announced the launch of a fresh user experience to term life insurance on its platform, which promises to deal with the eternal user procrastination issue in the product category.
Analysts in a Portland, Maine-based unit of Gen Re have found signs of strong micro-group sales growth in their latest group term life market survey.
Fifteen years ago, relatively few voluntary brokers sold term life, staying true to their mainstay of selling whole/universal life programs.
Most consumers think of term life when buying life insurance.
Term life insurance currently represents 36 percent of total life insurance sold in the U.
M2 EQUITYBITES-June 28, 2016-Pacific Life Closes Acquisition of Genworth Term Life New Business Platform
The deal, announced Friday, would give Pacific Life a broader market reach and help the firm sell term life products both directly to the consumer or through a financial adviser.
The American insurer Pacific Life Insurance has accomplished the acquisition of the term life new business platform of Genworth Financial.
subsidiary has closed its acquisition via reinsurance certain in force blocks of term life insurance from Genworth, Protective said.
ClickPress, Wed Dec 31 2014] * The report provides market analysis and insights into the UK term life insurance business.
com)-- The hunt for the best deals on term life insurance has become much easier with the creation of Term-Life-Insurance.